Author: CorruptionDotNet

Maldives: State of emergency

6 February 2018   President Yameen declared emergency rule on 5 February 2018. This was his respose to a court order that quashed convictions of nine opposition leaders on the grounds that their trials were plitically tainted. The Supreme Court also ordered the reinstatement of 12 members of the parliament who were stripped of their seats for defecting the party last year. If the 12 lawmakers are reinstated the ruling party would lose its majority and it would pave the way for an impeachment of the president. Yameen’s office released a statement that the supreme mcourt order had disrupted...

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South Korea: Samsung chief freed by appeal court

6 February 2018 Samsung chief, Lee Jae-yong, was freed by appeal court after one year of imprisonment. He was sentenced to 5 years by the lower court. The appeal court reduced the sentence to 2 and a half years and suspended the sentence. Lee’s arrest came about because of millions of people taking to the streets in late 2016 protesting the corrupt former President Park Geun-hye for extorting bribes from family owned conglomerates (known as chaebol). Park was impeached and is facing trial for corruption. Lee was charged with offering $38 million in bribes to Park Geun-hye and her...

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Singapore: Former Keppel executives arrested in Brazil bribery probe

2 February 2018   Several former senior executives were arrested by Corrupt Practices Investigation Bureau (CPIB) in a probe relating to bribery paid to  Brazilian officials to secure rig building contracts. The Straits Times reported. In December 2017 Keppel Offshore & Marine (KOM) agreed to pay US$422 million to settle the investigations into the matter by authorities in the United States, Brazil and Singapore. Singapore’s Attorney-General’s Chambers (AGC) and the Corrupt Practices Investigation Bureau (CPIB) said at the time that investigations regarding the individuals involved were ongoing.  Straits Times also revealed that more than six people were out on...

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Malaysia: Corruption in Melbourne property purchase

30 January 2018 Mara Inc, an investment arm of Mara(Majlis Amanah Rakyat),  purchased a property in Melbourne, a 280-room city apartment building, UniLodge, which mostly houses overseas students on Swanston Street, near Melbourne University. The property was purchased by an off-shore company registered in a tax heaven, from the owner, Australian businessman Lionel Harber, for AUD 23.5 million. The property was then sold within weeks to Mara, for $41.8 million. The difference of $18.3 million went into the pockets of Malaysian political representatives. Mr Mohammad Lan Allani was the head of Mara at that time. Sydney Morning Herald reported...

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Saudi Arabia: Prince Alwaleed bin Talal released from detention in Ritz-Carlton, Riyadh

28 January 2018  One of the world’s richest men, Prince Alwaleed bin Talal, has been released two months after being detained in Saudi Arabia’s anti-corruption purge. He is a grandson of Saudi Arabia’s founder, King Abdulaziz Al Saud. He returned to his mansion in Riyadh. His net worth was estimated by Forbes at $17 billion. Through his investment arm, Kingdom Holding, he holds shares in Twitter, Citigroup and in top hotels including the George V in Paris and the Plaza in New York.  During his detention at the plush Ritz-Carlton in Riyadh he was allowed to be interviewed by...

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